Commenting on the current market situation, Amar Ambani, Head of Research, IIFL, said, “The weather may be getting pleasant but atmosphere in the market has turned suddenly jittery again as Friday’s sharp correction broke the winning streak of last four sessions. Investors seem keen to bet on select counters that are fairly valued given the long-term growth potential of stable companies. Trend in global markets, movement of rupee against the dollar, and crude oil price will dictate near-term trend.”
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